MINISO Group (NYSE:MNSO) Shares Gap Down to $20.74

MINISO Group Holding Limited (NYSE:MNSO)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $20.74, but opened at $19.72. MINISO Group shares last traded at $19.40, with a volume of 342,064 shares traded.

MINISO Group Price Performance

The stock has a market capitalization of $6.50 billion, a P/E ratio of 20.16, a PEG ratio of 0.71 and a beta of 0.27. The stock’s fifty day moving average is $19.30 and its 200-day moving average is $21.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 1.91.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $541.04 million during the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. On average, equities analysts anticipate that MINISO Group Holding Limited will post 1.12 earnings per share for the current year.

MINISO Group Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a $0.29 dividend. This represents a yield of 2%. The ex-dividend date of this dividend was Wednesday, March 27th. MINISO Group’s dividend payout ratio is presently 38.24%.

Institutional Investors Weigh In On MINISO Group

A number of hedge funds have recently bought and sold shares of MNSO. Envestnet Asset Management Inc. bought a new stake in MINISO Group during the first quarter valued at about $112,000. Vanguard Group Inc. boosted its holdings in MINISO Group by 3.8% during the first quarter. Vanguard Group Inc. now owns 2,530,931 shares of the company’s stock valued at $19,742,000 after acquiring an additional 92,767 shares during the period. Ergoteles LLC boosted its holdings in MINISO Group by 355.1% during the first quarter. Ergoteles LLC now owns 73,533 shares of the company’s stock valued at $574,000 after acquiring an additional 57,376 shares during the period. Mackenzie Financial Corp boosted its holdings in MINISO Group by 54.5% during the first quarter. Mackenzie Financial Corp now owns 291,925 shares of the company’s stock valued at $2,277,000 after acquiring an additional 102,943 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in MINISO Group by 4.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 99,149 shares of the company’s stock valued at $774,000 after acquiring an additional 4,110 shares during the period. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Company Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.